Controlled offer redemption system
US7877289B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 12, 2005 |
| Grant date | Jan 25, 2011 |
| Priority date | — |
| Expiry date | Apr 18, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A controlled offer redemption system used to validate, verify, and redeem manufacturers' offers, retailers' offers, and cooperative offers, to restrict the redemption of retailers' offers and cooperative offers to particular retailers, and to authenticate the offer redemption transactions. The system is a closed system in a controlled environment. The system includes a master registry where offers are registered, an offer redemption terminal in communication with a retailer's point-of-sale (“POS”) system, a store portal and an offer clearinghouse. The store portal communicates with the registry to maintain an updated database of valid offers. The POS system communicates with the offer redemption terminal to validate and verify offers presented for redemption. The offer redemption terminal includes a means to generate an encrypted identifier (“token”) which is unique to each offer redemption transaction. The encrypted token is attached to the purchase event transaction, and the purchase event transaction (including the token) is transmitted to the offer clearinghouse. The clearinghouse independently recreates the token based on the offer redemption record and the purchase event tran…
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.